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Johannesburg - Gold rushed through the key $1 000 an ounce mark early on Tuesday morning on a weaker dollar and inflation concerns.
This is the third time the precious yellow metal has ever breached the $1,000 an ounce mark and analysts said it is likely to see further gains.
The first time gold touched this key psychological level was in March 2008 and it last traded at more than $1 000 an ounce in late February this year.
Gold was bid at $996.65 an ounce at the London open on Tuesday and by 09:09 was trading 1.05% or $109.45 higher at $1 004.45 from a close of $994 an ounce.
- I-Net Bridge